Trial Balance
Commerce ⇒ Accountancy
Trial Balance starts at 11 and continues till grade 12.
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See sample questions for grade 11
A trial balance has the following balances: Cash ₹5,000 (Dr), Capital ₹10,000 (Cr), Purchases ₹3,000 (Dr), Sales ₹7,000 (Cr). What is the total of the credit column?
A trial balance shows the following: Capital ₹20,000 (Cr), Drawings ₹2,000 (Dr), Purchases ₹10,000 (Dr), Sales ₹15,000 (Cr). What is the total of the debit column?
Explain the difference between a trial balance and a balance sheet.
Explain the limitations of a trial balance.
Explain the steps involved in preparing a trial balance.
Explain why closing stock is not shown in the trial balance.
If the debit and credit columns of a trial balance do not agree, what does it indicate?
If the debit side of the trial balance exceeds the credit side, what does it indicate?
If the total of the debit column of a trial balance is ₹50,000 and the credit column is ₹49,500, what is the difference?
If the trial balance does not tally, what should be the next step?
Name any two errors which are not disclosed by a trial balance.
State any two objectives of preparing a trial balance.
What is a suspense account and why is it used in trial balance?
What is a trial balance?
What is the effect on the trial balance if a transaction is completely omitted from the books?
Which side of the trial balance will the balance of 'Sales' account appear?
